dchua1969

It's movie time on Friday

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dchua1969 Diupdate   
NASDAQ:NFLX   Netflix, Inc.
Ever since my wife subscribed to Netflix, I have been chasing several good movies like Vagabond (Korean detective), re-watch Ip Man Part 1 to 3 and now hot on Billions; a movie where I find fascinating how hedge funds operate.

So, I took a look at the chart and like what I saw. I will monitoring the price for a pullback and if it still sits nicely on the bullish trend, I would initiate a buy and expect it to fill up the gap above.

Think about it, the profits you made could pay off your 1 year or more subscription fees, haha. Wouldn't you like that ?
Komentar:
the price has met its resistance at 335.78. Let's wait to see if it breaks above this level today or tomorrow.
Komentar:
decider.com/2019/12/...ribers-from-netflix/

Hmm, should we be concerned ? If Disney and other players are encroaching into Netflix territory, what strategy should Netflix employ to defend itself ? Price action looks strong, in fact, it is very likely to break up and close the gap above
Komentar:
Nice, it has broken out and closed above the resistance trend line. Now, let's wait for the next candle to determine its strength or if the chart is trying to hustle us with a false breakout.
Komentar:
3:29 pm: Netflix is going out on the lows

Netflix stock fell into the close and was down nearly 4%. If Netflix closes at current levels, it would be the stock’s worst day on Wall Street since October. Investors decided to focus on weak subscriber numbers rather than the EPS beat. (See earlier update on Jon Najarian’s short bet.) —Franck
Source : CNBC
Komentar:
335.78 proven to be a good support level. may add long tonight
Komentar:
Would more people that stay at home due to the Covid-19 be watching more or less movies , you think ?

The answer is pretty straightforward and it is reflected nicely on the chart.

Congrats to those who longed.
Komentar:
multiple times the price action fails to break out of 384.98.

bullish trend stil intact.
Komentar:
Praise Lord, those who stay at home and glued to Netflix are rewarded, haha. It has now breakout from 419, the resistance level. If it stays above this level, then we can see it going higher towards 500.
Komentar:
win some, lose some. One of the great stock that I should have not sold too early. Still, not following up thereafter to re-enter was another mistake.
Komentar:
if 467.11 support cannot hold this week, we can expect further downside.
Komentar:
more than 2 months have passed and we have witnessed how strong this support level is, ie. 467.11 which means those who wished to long , this is a great opportunity.
Komentar:
Support at 468 to 480 would be an area that I am keen to accumulate.
Komentar:
let the price come to the support zone around 492 first before buying more.
Komentar:
added some last nite as part of long term strategy
www.cnbc.com/2021/04...-streaming-wars.html
Komentar:
I like stocks that has a strong emotional ties to human habits. We can see many countries like Australia , Singapore, etc attempting to open up its borders much to the pleasure of those who loves to travel. China has shown us what happened with the domestic tourism over the recent holidays. They immediately shut down the cities and start its vaccination program without fail. I am less sure about countries like Singapore with no other way but to open up its borders else it will cripple the current resources. With with from home as default and determined by the Government, more families will switch to watching NETFLIX over the weekends as a form of entertainment. That becomes a habit built over time.
Komentar:
wow, 20% drop that is huge , man. Hopefully, it finds support at 480 level and rebound
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